ESIC Act
The Employees' State Insurance Corporation (ESIC) Act is a social security legislation in India that provides health and unemployment benefits to employees in the organized sector. The act was passed in 1948 and is administered by the Employees' State Insurance Corporation (ESIC), which is a statutory body under the Ministry of Labour and Employment.
Eligibility:
To be eligible for benefits under the ESIC Act, an employee must be earning a wage of not more than 21,000 per month and be engaged in an establishment that is covered under the act. The employer is responsible for registering their employees with ESIC and making contributions to the corporation on behalf of their employees.
Benefits
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Medical benefits: Employees and their dependents are entitled to free medical treatment at ESIC-run hospitals and dispensaries.
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Cash benefits: Employees can receive cash benefits for periods of sickness, disablement, and maternity.
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Dependents' benefits: In case of death of an employee, their dependents are eligible for a monthly pension and other benefits.
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Rehabilitation: ESIC provides vocational training to disabled employees to help them become self-sufficient.
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Funeral expenses: In case of death of an employee, the corporation provides financial assistance for funeral expenses.
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Registering an establishment or factory under the Employees’ State Insurance Act and obtaining the Code Number
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Completing Form No. 7 (ESI Regulation No. 32) and Form No. 5 (Regulation 26, Half-yearly Return)
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Registering employees online and entering insured persons' information online
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Scanning and uploading individual/family photographs and signatures of insured persons to obtain ESI Numbers
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Printing online Temporary Identity Cards (TIC)
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Obtaining Permanent Identity Cards (PIC) from the ESI Branch office
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Completing Form No. 3 (Regulation 14) and Form No. 01-A (Annual Return)
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Generating and submitting monthly ESI Challan
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Managing correspondence and liaison with the ESI Department
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Keeping clients informed of any amendments or changes to the act in a timely manner